FRP HOLDINGS, INC.

For the period ended Dec 31, 2024. Filed Mar 18, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Mar 18, 2025

FRPH$19.00-4.2%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Consolidated statements of income

CONSOLIDATED STATEMENTS OF INCOME – Years ended December 31

(in thousands, except per share amounts)

	Years Ended December 31,
	2024	2023	2022
Revenues:
Lease revenue	$28,922	28,979	26,798
Mining Royalty and rents	12,852	12,527	10,683
Total Revenues	41,774	41,506	37,481
Cost of operations:
Depreciation, depletion and amortization	10,187	10,821	11,217
Operating expenses	7,170	7,364	7,065
Property taxes	3,437	3,650	4,125
General and administrative	9,276	7,971	7,078
Total cost of operations	30,070	29,806	29,485
Total operating profit	11,704	11,700	7,996
Net investment income	11,112	10,897	5,473
Interest expense	(3,150)	(4,315)	(3,045)
Equity in loss of joint ventures	(11,359)	(11,937)	(5,721)
Gain on sale of real estate and other income	182	53	874
Income before income taxes	8,489	6,398	5,577
Provision for income taxes	2,029	1,516	1,530
Net income	6,460	4,882	4,047
(Loss) gain attributable to noncontrolling interest	75	(420)	(518)
Net income attributable to the Company	$6,385	5,302	4,565
Earnings per common share:
Net Income attributable to the Company -
Basic	$0.34	0.28	0.24
Diluted	$0.34	0.28	0.24
Number of shares (in thousands) used in computing:
-basic earnings per common share	18,882	18,840	18,772
-diluted earnings per common share	18,970	18,922	18,870

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.